＜Research＞HSBC Global Research Hikes SUNNY OPTICAL (02382.HK) TP to $47.1, Rating Hold

　　The smartphone lens and CCM GPM recovery of SUNNY OPTICAL (02382.HK) -1.350 (-2.941%) Short selling $46.21M; Ratio 10.296% is on track, but the magnitude is the key indicator to observe, according to a report by HSBC Global Research. The broker attributed the company's continuous market share expansion to Apple (APPL.US) , but this is partially offset by recent unfavorable factors for Android.

　　HSBC Global Research foresaw that the trend of CCM shipments for smartphones may be under pressure in 2H24, and adjusted its forecast for CCM shipments to a YoY hike of 3% to 582 million units. It also lifted the forecast for smartphone lens shipments of the company from 2024 to 2026 by 3%/ 1%/ 3% to 1.3 billion/ 1.43 billion/ 1.55 billion units, while Apple's contribution will climb to 19%/ 23%/ 25%.

　　Related NewsM Stanley Expects SUNNY OPTICAL Positive Profit Alert to Benefit Shr Price, Rates Overweight

　　The broker raised its target price for SUNNY OPTICAL from $45.3 to $47.1 and maintained its Hold rating.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

　　AAStocks Financial News